The First National Bank of Milaca, Financial Information

About The First National Bank of Milaca

 Address:
190 Second Avenue S.W.
Milaca, MN
Mille Lacs County, Minnesota
 Established:
Aug 1897
 Number of domestic offices:
4
Total assets$258M
Net income$3M
Net income, quarterly$0M
Total deposits$230M
Domestic deposits$230M
Equity capital$27M
ROA1.3%
ROAQ, quarterly0.74%
ROA, pretax0.74%
ROAQ, quarterly, pretax0.74%
ROE11.41%
ROEQ, quarterly6.95%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

First National Bank of Milaca is a $170-million-asset community bank serving the areas of Milaca, Isle and Gilman. Around us are some of the fastest growing counties in Minnesota. Milaca is located in Mille Lacs County, 60 miles north of the Twin Cities of Minneapolis and St. Paul. Gilman is located in Benton County, about 15 miles west of Milaca. Isle is located on the south shores of Lake Mille Lacs, a well-known walleye fishing destination in central Minnesota.

First National Bank of Milaca has been serving customers since 1897. In today's widespread environment of bank mergers and less personalized banking, First National Bank of Milaca provides personalized service in a friendly, confidential atmosphere. With over 40 professional staff First National Bank of Milaca strives to provide excellent one-on-one service for the customer desiring personal banking and financial services.

Mailing Address
P.O. Box 38
Milaca, MN 56353

Street Address
190 - 2nd Ave SW
Milaca, MN 56353

Phone: 320-983-3101
Fax: 320-983-2579